Ripple Foods Ripple Foods IPO
$99.75MM
Series F-4 Valuation, Mar 2024
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Company Details

Ripple Foods was founded in 2014 by Adam Lowry and Neil Renninger. The company has not publicly endorsed plans to participate in an IPO. However, in 2020 the company expanded its leadership team to include David Cooper, an experienced CFO who has taken six companies public to date.

Ripple Foods offers plant-based alternatives to dairy products. The company uses pea protein to create milk, half & half, protein shakes, and more. Ripple claims that their milk has half the sugar of dairy milk, and 50% more calcium. The company has raised more than $250 million in venture capital funding from investors including Rage Capital, Ajax Strategies, S2G Ventures, GV, Euclidean, and Tao Capital Partners. The company did not disclose valuation figures following a $60 million fundraise in 2021.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Sector
Founded
2014
Forge Price 1
Price not yet available
Post-Money Valuation 3
$99.75MM
Total Funding
$104.85MM
LFR Price per Share
$xx.xx
Last Funding Share Class
Series F-4

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To learn more about Ripple Foods potential IPO

Will Ripple Foods go IPO?

Ripple Foods has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Ripple Foods’ IPO price?

The Ripple Foods IPO price does not exist at this time, as Ripple Foods is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Ripple Foods register for Forge Markets, today.

When was Ripple Foods founded?

Ripple Foods was founded in 2014.

What is Ripple Foods funding to date?

Ripple Foods has raised $104.85MM to date.
Ripple Foods Major Investors
Goldman Sachs
Fall Line Capital
Undisclosed Investors
Ourcrowd
Radicle Impact
The Goldman Sachs Group
Gv
Blueberry Ventures
S2g Ventures
Ajax Strategies
Prelude Ventures
Western Technology Investment
Collaborative Fund
Tim Koogle
Khosla Ventures
Evolution Vc Partners
Rage Capital
Seth Goldman
Tao Capital Partners
Euclidean Capital
Inventages Venture Capital

Ripple Foods Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
03/27/2024 Series F-4 $10.81MM $xx.xx $99.75MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
12,153,646
Liquidation Pref Order
1
Liquidation Pref As Multiplier
3.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
11/29/2023 Series F-1 $22.84MM $xx.xx $107.67MM Western Technology Investment
Price per Share
$xx.xx
Shares Outstanding
25,679,493
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Western Technology Investment
11/29/2023 Series F-2 $8.91MM $xx.xx $107.67MM Western Technology Investment
Price per Share
$xx.xx
Shares Outstanding
10,015,881
Liquidation Pref Order
2
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Western Technology Investment
11/29/2023 Series F-3 $17.5MM $xx.xx $107.67MM Western Technology Investment
Price per Share
$xx.xx
Shares Outstanding
19,680,391
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Western Technology Investment
09/21/2021 Series E1 $18.11MM $xx.xx $375.12MM Ajax Strategies, Euclidean Capital, Fall Line Capital, Gv, Ourcrowd, Prelude Ventures, Rage Capital, S2g Ventures, Tao Capital Partners
Price per Share
$xx.xx
Shares Outstanding
4,359,673
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
4.7x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ajax Strategies, Euclidean Capital, Fall Line Capital, Gv, Ourcrowd, Prelude Ventures, Rage Capital, S2g Ventures, Tao Capital Partners
10/22/2020 Series D1-1 $5.68MM $xx.xx $182.57MM Gv, Inventages Venture Capital, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
4,650,929
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.4x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Gv, Inventages Venture Capital, Prelude Ventures
10/22/2020 Series D1-2 $2.29MM $xx.xx $182.57MM Gv, Inventages Venture Capital, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
1,500,677
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.7x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Gv, Inventages Venture Capital, Prelude Ventures
01/29/2018 Series C1 $12.88MM $xx.xx $346.47MM Euclidean Capital, Fall Line Capital, Goldman Sachs, Gv, Khosla Ventures, Prelude Ventures, S2g Ventures
Price per Share
$xx.xx
Shares Outstanding
2,811,082
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.2x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Euclidean Capital, Fall Line Capital, Goldman Sachs, Gv, Khosla Ventures, Prelude Ventures, S2g Ventures
07/07/2016 Series B1 $4.55MM $xx.xx $166.3MM Blueberry Ventures, Collaborative Fund, Gv, Khosla Ventures, Prelude Ventures, Radicle Impact, S2g Ventures, Seth Goldman, Tao Capital Partners, Tim Koogle
Price per Share
$xx.xx
Shares Outstanding
1,941,483
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
2.6x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blueberry Ventures, Collaborative Fund, Gv, Khosla Ventures, Prelude Ventures, Radicle Impact, S2g Ventures, Seth Goldman, Tao Capital Partners, Tim Koogle
12/11/2015 Series A1 $1.29MM $xx.xx $64MM Blueberry Ventures, Khosla Ventures, Prelude Ventures, Radicle Impact
Price per Share
$xx.xx
Shares Outstanding
1,199,998
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.2x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blueberry Ventures, Khosla Ventures, Prelude Ventures, Radicle Impact
Private Companies Exploring an IPO
Last Funding Round
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CerebrasCerebras$40.08+0.68%$xx.xxSeries F-1$2.84B$xx.xx$85MM
CoreWeaveCoreWeave$1,200.00+4.36%$xx.xxSeries C$19B$xx.xx$1.15B
ChimeChime$26.50+6.6%$xx.xxSeries G$24.93B$xx.xx$1.1B
KlarnaKlarna$370.00-1.33%$xx.xxUnknown$6.7B$xx.xx--
Liquid DeathLiquid Death$9.49+0.21%$xx.xxSeries F-1$1.4B$xx.xx$67.61MM
CircleCircle$25.50+3.2%$xx.xxSeries F$8.05B$xx.xx$401MM
NetskopeNetskope$12.03+8.67%$xx.xxSeries H$7.5B$xx.xx$300MM
CohesityCohesity$15.66-2.12%$xx.xxSeries H-1$4.69B$xx.xx$27.5MM
TuroTuro$13.00+0.31%$xx.xxSeries E$1.24B$xx.xx$240.52MM
Hinge HealthHinge Health$31.00-22.11%$xx.xxSeries E$6.2B$xx.xx$400MM

Updated on: Jan 22, 2025

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